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Ascott Scores Big in Europe with New Properties and Chelsea FC Deal

The Ascott Limited (Ascott), a leading serviced residence company under CapitaLand Investment Limited, is stepping up its game in Europe. The company announced a two-pronged strategy for growth:expanding its portfolio of properties and forging a strategic partnership with a major football club. Ascott is adding six new properties across Europe, bringing its total portfolio in the region to nearly 8, 000 units. This represents a 14% increase […]

Dubai Mourns Business Titan Ram Buxani

Ram Buxani, a pioneering Indian businessman who rose to become a pillar of Dubai’s commercial landscape, passed away on July 7th, 2024, at the age of 83. Buxani’s life story intertwined with the phenomenal growth of Dubai, showcasing the emirate’s transformation into a global business hub. Arriving in Dubai in 1959 as an 18-year-old, Buxani’s journey began modestly as an office clerk at ITL. His entrepreneurial spirit […]

Gulf International Bank Unveils Progress on Sustainability Goals in 2023 Report

Gulf International Bank (GIB) recently released its 2023 Sustainability Report, outlining the bank’s environmental, social, and governance (ESG) efforts throughout the past year. The report highlights GIB’s commitment to integrating sustainable practices into its core operations and financial products. GIB emphasizes its strategic approach to sustainability, showcasing its initiatives and achievements measured against established ESG metrics. The report details the bank’s adherence to the Global Reporting Initiative […]

Ascott Accelerates Growth In Europe With Portfolio Expansion And Global Partnership With Chelsea Football Club

Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe Enters into multi-year partnership with Chelsea Football Club as the “Official Global Hotels Partner” Operator of stadium hotels to be rebranded as lyf Stamford Bridge London LONDON, UK/SINGAPORE – Media OutReach Newswire – 8 July 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by […]

Dubai’s Revibe Aims to Shake Up Electronics Market

Dubai-based company Revibe is on a mission to transform the perception of refurbished electronics, aiming to not only be a leader in the region but also disrupt the global market. Founded in September 2022 with a focus on sustainability and affordability, Revibe is capitalizing on the growing demand for high-quality, pre-owned devices. The brainchild of co-founder Hamza Iraqui, Revibe was born out of a concern for the […]

Wego and Tourism Board Forge Strategic Alliance

Travel enthusiasts, rejoice!Wego, the Middle East and North Africa’s (MENA) leading online travel marketplace, has joined forces with the Jordan Tourism Board to unlock the captivating wonders of Jordan for a wider audience. This strategic partnership promises to illuminate the diverse experiences the Hashemite Kingdom offers, catering to every traveler’s desires. “We are thrilled to partner with the Jordan Tourism Board, ” exclaimed Mamoun Hmedan, Wego’s Chief […]

Ajman Bank Embraces Sustainability with Positive Zero Partnership

Ajman Bank, a leading Islamic financial institution in the United Arab Emirates, has joined forces with Positive Zero to implement a comprehensive energy-saving initiative. This strategic partnership aims to significantly reduce the bank’s energy consumption and environmental impact. Positive Zero, a specialist in fully financed energy efficiency solutions, will equip Ajman Bank’s headquarters with cutting-edge technologies and operational improvements. These measures are anticipated to generate a substantial […]

ISCA launches new “Do Good” initiative to champion corporate governance among TACs and charities

SINGAPORE – Media OutReach Newswire – 8 July 2024 – The Institute of Singapore Chartered Accountants (ISCA) has launched its pioneering “Do Good” initiative, which signifies ISCA’s commitment to foster a culture of social responsibility and enhance corporate governance within Trade Associations and Chambers (TACs) and charity boards. Announced in February this year, the Board of Directors (BOD) Masterclass Programme is an all-encompassing board training programme prescribed […]

Bruised Tories May Turn More Right By Joining Hands With Nigel Farage

UAE Projects Solid Economic Growth Despite Global Challenges

The United Arab Emirates (UAE) is anticipating a robust economic performance in 2024, with a projected growth rate of 5% according to Abdulla bin Touq Al Marri, the nation’s Minister of Economy. This optimism comes amidst a backdrop of global economic uncertainties, including rising inflation and potential slowdowns. The UAE’s economic resilience is attributed in large part to its ongoing diversification efforts. The non-oil sector, encompassing industries […]

Dubai Media and NEP Group Forge Alliance to Bolster Media Expertise

Dubai Media, a prominent media organization in the United Arab Emirates, has joined forces with global media services leader NEP Group in a strategic partnership. This collaboration aims to elevate Dubai Media’s logistical and technical capabilities, propelling them towards becoming a leading global content creation hub. The partnership, formalized through a memorandum of understanding (MoU), signifies a commitment from both entities to foster cooperation and knowledge exchange […]

Ditching Of India Entry May Mean Bigger Opportunity Loss For Tesla

Saudi Tech Industry Powers Up in Q2 with AI and Cloud Boom

The Saudi Arabian technology sector witnessed a significant surge in the second quarter of 2024, fueled by a dramatic rise in registrations for artificial intelligence (AI) and cloud computing services. According to data released by the Saudi Ministry of Investment, registrations for AI technologies jumped by an impressive 53% compared to the same period last year. Cloud computing services also saw a substantial increase, with registrations climbing […]

Dubai Property Boom Fueled by Golden Visa Holders Seeking Stability

Arabian Post Staff -Dubai The allure of long-term residency in Dubai is driving a surge in property purchases among professionals holding the coveted Golden Visa. This ten-year visa, awarded to investors and skilled workers in various fields, is prompting a shift from renting to owning as residents seek stability and potentially higher returns on their investments. Several factors are contributing to this trend. Recent policy changes have […]

Dubai Draws Billions in Investments with Innovative Energy Model

Dubai’s forward-thinking approach to energy production is reaping rewards. The Dubai Electricity and Water Authority (DEWA) has attracted a staggering AED 43. 6 billion (USD 11. 9 billion) worth of projects over the past decade through its Independent Power and Water Producer (IPWP) model. This public-private partnership strategy has not only secured substantial investments but has also positioned Dubai as a global leader in cost-effective solar energy. […]

Edtech Investments Signal Bright Start to the Month

The first week of July witnessed a surge in activity within the educational technology (edtech) sector. This signals a potentially prosperous month for startups developing innovative learning solutions. Venture capital investments and strategic acquisitions highlighted the confidence investors have in the future of edtech. One such example is Jeel, a Saudi Arabian edtech startup catering to children, teenagers, parents, and educators. Jeel successfully secured a significant investment, […]

Southeast Asian Paradise Regains Tourist Momentum

Thailand’s tourism industry is experiencing a significant resurgence, welcoming over 17. 5 million foreign visitors in the first half of 2024. This figure represents a promising 35% increase compared to the same period last year and places the nation on track to meet its ambitious year-end target of 36. 7 million arrivals. The influx of tourists is generating substantial revenue for Thailand. According to the Ministry of […]

UAE and South Africa Strengthen Ties Through Ministerial Call

Sheikh Abdullah bin Zayed Al Nahyan, the United Arab Emirates’ Foreign Minister, recently connected with his South African counterpart, Ronald Lamola. The conversation, which took place via phone call, underscored the positive state of relations between the two nations and explored avenues for further collaboration across various sectors. Minister bin Zayed extended his congratulations to Mr. Lamola, expressing well wishes for his continued success in his official […]

SCO Leaders Forge Path for Cooperation with Signing of Astana Declaration

The leaders of member states within the Shanghai Cooperation Organization (SCO) solidified their commitment to regional and global collaboration through the signing of the Astana Declaration on July 4th, 2024. Convening in the Kazakh capital, the summit marked a significant step towards a more unified SCO, outlining a shared vision for the future. The Astana Declaration, as emphasized by Russian President Vladimir Putin, serves as a roadmap […]

Will GTA 6 Embrace Digital Currency?

Rumors are swirling around the highly anticipated Grand Theft Auto 6, with speculation focusing on a possible in-game integration of cryptocurrency. This wouldn’t be the first time the GTA franchise has mirrored real-world trends; previous installments featured elements like social media and online stock markets. So, could virtual gangsters soon be slinging digital coins alongside illegal weapons and stolen cars? The rumor originated from a report by […]

Adnoc Reports Significant Progress in Decarbonization Efforts

The Abu Dhabi National Oil Company (ADNOC) announced a substantial reduction in its greenhouse gas emissions in 2023. According to their latest Sustainability Report, the company achieved a net decrease of 6. 2 million tonnes of carbon dioxide equivalent (CO2e) in its scope 1 (direct emissions) and scope 2 (indirect emissions) categories. This progress signifies a significant step forward in ADNOC’s commitment to achieving net-zero emissions by […]

Messaging App Boom Reignites Dreams of All-in-One Crypto Platform

The meteoric rise of Telegram-based crypto communities has reignited discussions surrounding the possibility of a comprehensive “crypto super app, ” according to a recent Bloomberg report. These communities leverage Telegram’s familiarity and encryption features to foster a vibrant environment for cryptocurrency enthusiasts. The report highlights the shortcomings of existing crypto applications. Many focus solely on a single function, such as facilitating cryptocurrency transactions or tracking investment portfolios. […]

Olympic Champions Lace Up for “Joy in the Games” at Orphanage Event

Laughter echoed across the field as a local football legend, his once-powerful legs now comically tangled in a sack race, tumbled headfirst into a pile of hay. Nearby, a renowned painter, her usual canvas replaced with a child’s face, meticulously dabbed bright colors, capturing a moment of pure, unrestrained joy. This wasn’t your typical sporting event. It was “Joy in the Games, ” a unique day where […]

Sharjah Book Authority Fosters Global Library Collaboration at ALA Conference

The Sharjah Book Authority (SBA) solidified its position as a bridge between cultures at the recent American Library Association (ALA) Annual Conference & Exhibition. As the sole representative of the Arab world at the event, the SBA delegation actively participated in discussions and fostered partnerships aimed at strengthening libraries on a global scale. Ahmed bin Rakkad Al Ameri, CEO of SBA, led the delegation’s efforts. He met […]